DVB and PK arrange DAE refinancing for 16 aircraft

Source: Flightglobal.com
This story is sourced from Flightglobal.com

DVB Bank and PK Airfinance arranged the senior debt refinancing of a 16-aircraft portfolio for Dubai Aerospace Enterprise.

The portfolio consists of Airbus A319 and A320 aircraft as well as Boeing 737-700 and 737-800 units, says DVB Bank, which confirms the transaction.

The aircraft are on lease to China Southern Airlines, easyJet, Indigo, FlyNiki, Philippines Airlines, Skymark Airlines, Star Flyer, Turkish Airlines and Wizz Air. according to DVB.

PK Airfinance acted as agent, while DVB Bank acted as security trustee.